The corporate social responsibility and dividend policy of listed firms in Ho Chi Minh stock exchange: The threshold regression model analysis

Abstract

The objective of this paper is to examine the relationship between the corporate social responsibility (CSR) and dividend policy of listed firms in Ho Chi Minh Stock Exchange (HOSE) in the period of 5-year (from 2012 to 2016), and find out the optimal level of threshold of CSR variable. Previous researches are canvassed thoroughly for theoretical background and the threshold regression model is employed. The results of study indicate that there is a “single threshold” CSR which affects dividend policy.